itstargetnews
The Nevada Gaming Control Board (NGCB) has filed a civil enforcement action against cryptocurrency exchange Coinbase to restrict what the regulator calls unlicensed betting in violation of state law.
The injunctive action was filed in the District Court for Carson City against the Commodity Futures Trading Commission (CFTC) regulated operator, reinforcing the NGBC’s zero tolerance for federally regulated markets.
Coinbase is the latest operator to face the NGCB
the LETTERSfrom the office of Governor Joe Lombardo, also signed by current ranking members Mike Dreitzer, Chair of the NGCB; Judge George Assad (Ret); and Chandeni K. Sendall.
“Nevada Gaming Control Board Files Civil Enforcement Action Against Coinbase”
Press release from NGCB: pic.twitter.com/mSSN6NlOZO
– Daniel Wallach (@WALLACHLEGAL) February 3, 2026
A key part of the NGBC’s finding on Coinbase relates to the regulator’s view that the company “offers products called event contracts for the sale of its mobile app, which is made available to people in Nevada. The Board considers the offering of sports event contracts, or other activity contracts, that constitute betting activity under NRS 463.0193 and 19463 activities.”
NGCB takes violations seriously, said Chair
“The Board takes seriously its obligation to operate a thriving gaming industry and protect the citizens of Nevada. The action taken yesterday reinforces this obligation,” said Chairman Dreitzer.
In the legal docket published on the website of the government of Nevada, the case of the NGCB is clear: Coinbase did not pay the required license fee.
“Entities conducting gaming activities in the State of Nevada must pay tax on gross gaming revenue derived from gaming activities accessible to the State,” said Complaint 5. “Coinbase does not pay tax on gross gaming revenue derived from gaming activities, including bets, accessible to the State of Nevada.”
As we reported, Nevada proved to be a decisive proof of prediction markets and the argument of federal and state management.
BREAKING: A Nevada state court has issued a temporary restraining order against Polymarket for offering event contracts, saying the CEA does not grant exclusive jurisdiction to the CFTC. The TRO will remain in effect for 14 days; hearing on PI motion scheduled for 2/11. pic.twitter.com/p1tRk38EMD
– Daniel Wallach (@WALLACHLEGAL) January 30, 2026
Polymarket recently faced a ruling by Judge Jason Woodbury, who ruled against the company temporarily excluded from state contracts. NGBC’s argument in this case is that Polymarket’s ability to offer event contracts violates the same gaming law.
Featured image: Coinbase / Canva
The post The Nevada Gaming Control Board filed a civil enforcement action against Coinbase first appeared in ReadWrite.
